Fast Food Insurance Companies Investing

Fast Food Insurance Companies Investing 

BOSTON - A new report by the Medical Research Boston - based on the life and health insurance companies across the country with a dirty little secret - $ 2 billion worth of investments in the country's fifth largest fast food chains. WCVB - TV Boston said Thursday, as reported by Dr. J. Wesley Boyd, which is published in the American Journal of Public Health Boyd is affiliated with the Cambridge Health Alliance and Harvard Medical. School. "The insurance industry does not care about the health and well-being of you," Boyd said. "They will invest in things that make you sick and kill you if that's what it takes to make money." Fast food linked to obesity, diabetes and coronary heart disease and all causes of illness and death in the United States, a third of adults are considered overweight or obese. WCVB's medical editor Dr. Timothy Johnson said, "I must admit I do not know this, and I was stunned to hear it. I think it's bad publicity at least. " Boyd's report calls for Prudential, Northwestern, including, Massachusetts, and included among the biggest investors in the fast food industry as well as McDonald, Burger King, Jack in the box and Yum! Brand, the company that owns KFC, Pizza Hut, Taco Bell fast-food chains and other "Holding fast food industry, MassMutual has $ 366 million," Boyd said, but the company strongly disagrees with the report. Boyd's "not absolutely" the company told WCVB In the statement, "on December 31, 2009, holding MassMutual's equity at about fast food, with about $ 1.4 million, representing less than one percent from one percent of the total investment of $ 86.6 billion in cash and assets. ". "If you eat fast food and illness as a result of obesity, diabetes, heart disease and stroke," Boyd said, "they're going to charge premiums higher, and it paid off. of your bad habits. ". WCVB Prudential said: "Unfortunately we can not discuss specific investments," to say that the money will be invested to provide "an opportunity for continued strong investment.". "After conducting an internal review, we can confirm that a new life account of New York are not holding shares of Jack in the Box, or holding any of the other companies listed in the" new life, a spokesman for New York, John Puccio. said in a statement, "a point of clarification, without knowing 'assets as the' data is not possible to ascertain what was held true when the data were" accessible. "Unfortunately, the access. the date specified does not tell us how old the information they have when they see it. " "Contrary to the information presented in this study, Northwestern's total shares outstanding in the food industry quickly totaled less than $ 257 million at the end of 2008 when data was retrieved for this study," a spokeswoman said Jean. The Towell "This total is approximately 0.19% of the company's $ 136 billion portfolio of accounts. Are in a position to be very small. All of this is even lower than the $ 248 million or 0.17% from $ 146.1 billion. Works of us. " "North and place priority on the health of employees and policyowners our company supports the effort to provide our employees with a healthy lifestyle through a comprehensive health initiative" Towell said.